Meesho is targeting a $6 billion valuation as it prepares for a December IPO. The e-commerce firm is also in talks with SBI Funds for a pre-IPO placement that could alter issue size. Meesho plans to raise Rs 42.5 billion through fresh shares, alongside a major offer for sale by existing investors.
Laurus Labs shares rally over 4% as Q1FY27 profit jumps 126% on strong CDMO growth
Laurus Labs reported a strong June-quarter performance, with net profit more than doubling and revenue rising 29% year-on-year, driven by robust growth in its CDMO